Price Gap Closing Between ECs and Private Condos

Source: Straits Times

Statistics has shown that the price gap between resale executive condominiums and resale private condominiums has been greatly reduced with time.

When doing a comparison between the two types of condominium, we all know that executive condominiums offer the same physical features as a private condominium such as swimming pool, gymnasium, tennis court, security guard and more.

As resale executive condominiums are typically larger in space comparing to its counterpart, as well as lower entry price, demand has increased for the purchase of resale ECs. This has led to a narrowing of price gap.

Owners of resale ECs has profited greatly from such property market as their initial entry price when they bought their executive condominium was much lower compared to the market price right now.

This makes Sol Acres a value buy as it will be about 10-20% more affordable than the other new private condominiums in the market.